3.21 billion monthly active users across their products, insane!
> We define a monthly active person (MAP) as a registered and logged-in user of Facebook, Instagram, Messenger, and/or WhatsApp (collectively, our "Family" of products) who visited at least one of these Family products through a mobile device application or using a web or mobile browser in the last 30 days as of the date of measurement.
Can someone with insight explain this discrepancy? Is this some accounting artifact, did FB get a COVID tax break, or is it something else?
Reflects a one-time income tax benefit of $913 million related to the effects of a tax election to capitalize and amortize certain research and development expenses for U.S. income tax purposes.
Excluding this tax benefit, our effective tax rate would have been 11 percentage points higher in Q3 2020.